BitcoinShort
Possible & healthy correction levels
Updated
Good evening,
i wanted to tell you my opinion on the actual market situation.
There are a little more lines and colors as normal, but i will break it down for you:
The background colors are from the fibonacci retracement since last ATH to bottom in dez´18.
Bitcoin hit the 61.8 level and the dump started directly.
The dotted line is the actual bull trend and you see, it is not broke at now.
You should look at this line and also to moving averages.
There are points, which i marked with black circles where i could think the retracement will end (price starts to move up again).
At these levels Bitcoin will touch several zones, like important moving averages, the fibonacci and the actual trend line.
Nothing is guaranteed as everyone knows, but i hope i can help with my opinion.
We need a healthy correction to generate a strength base for a long term bull market :)
Good luck and stay emotionless, don't act in panic! No fast moves without thinking about it!
i wanted to tell you my opinion on the actual market situation.
There are a little more lines and colors as normal, but i will break it down for you:
The background colors are from the fibonacci retracement since last ATH to bottom in dez´18.
Bitcoin hit the 61.8 level and the dump started directly.
The dotted line is the actual bull trend and you see, it is not broke at now.
You should look at this line and also to moving averages.
There are points, which i marked with black circles where i could think the retracement will end (price starts to move up again).
At these levels Bitcoin will touch several zones, like important moving averages, the fibonacci and the actual trend line.
Nothing is guaranteed as everyone knows, but i hope i can help with my opinion.
We need a healthy correction to generate a strength base for a long term bull market :)
Good luck and stay emotionless, don't act in panic! No fast moves without thinking about it!
Note
Target 2 touched ... a little late, but on 22 nov ´19 price was at 7,000 level!
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